What is the simple meaning of supply?
Answer and explanation
Correct answer: Quantity of goods or services available in the market
Supply is the quantity of a good or service that producers are willing and able to offer for sale in the market at a given time and price. Availability is the central idea in this basic question. A complaint, an entrepreneur's fear, or stopping expenses does not represent the amount offered for sale.
Frequently asked questions
What is the correct answer to this question?
Quantity of goods or services available in the market
Why is this the correct answer?
Supply is the quantity of a good or service that producers are willing and able to offer for sale in the market at a given time and price. Availability is the central idea in this basic question. A complaint, an entrepreneur's fear, or stopping expenses does not represent the amount offered for sale.
Which subject and chapter does this question cover?
This is a Class 11 Business Studies question. Chapter: Business, Trade and Commerce.
